DRW Securities LLC Has $254,000 Stock Holdings in Amphenol Co. (NYSE:APH)

DRW Securities LLC reduced its stake in Amphenol Co. (NYSE:APH) by 65.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,893 shares of the electronics maker’s stock after selling 7,391 shares during the period. DRW Securities LLC’s holdings in Amphenol were worth $254,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Beacon Capital Management LLC grew its stake in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC grew its position in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Amphenol during the second quarter worth approximately $29,000. Trifecta Capital Advisors LLC lifted its holdings in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the last quarter. Finally, Sachetta LLC boosted its stake in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the period. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APH has been the topic of several recent research reports. Robert W. Baird increased their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $69.63.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Trading Down 0.7 %

Shares of APH stock opened at $72.73 on Thursday. Amphenol Co. has a fifty-two week low of $44.90 and a fifty-two week high of $74.93. The stock’s fifty day moving average price is $68.23 and its two-hundred day moving average price is $66.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The company has a market cap of $87.68 billion, a PE ratio of 41.80, a P/E/G ratio of 2.44 and a beta of 1.23.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Equities analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.